Last brand new Tacoma came out in model year 2016. That year, it got a new frame, cab, V6 engine, suspension, automatic transmission, electrical architecture.

2016 Tacoma was a heavy facelift of the 2005 Tacoma. Toyota discontinued the SWB frame and made some minor revision to the LWB frame. The low rider suspension was discontinued along with regular cab. The extended and access cab are carried over with new facia, new fenders, and minor interior update. You can tell the cab was the same because for example, it has the same awkward driving position as the 2004-2015 Tacoma, and all the windows are the same. It did have new engine but only the V6. The I4 carried over.

It was about the same amount of revision that Ford did to the 1998 Ranger, which was basically a heavy facelift of the 1993-1997 Ranger. It certainly wasn't all new, and neither was the 2016 Tacoma.

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It was about the same amount of revision that Ford did to the 1998 Ranger, which was basically a heavy facelift of the 1993-1997 Ranger. It certainly wasn't all new, and neither was the 2016 Tacoma.

There was supposed to be a new Ranger that was supposed to come out around 2002 or so to replace the old Ranger that eventually soldiered on til 2012 or so. Not sure exactly why they cancelled it, outside of the small/midsized pickup market shrinking at the time due to SUVs/CUVs.